EUR/USD bid in rosk-off markets - ANZ

Brian Martin, ANZ research, explained that EUR/USD has succumbed to extended market volatility and spiked higher.

Key Quotes:

"As long as risk assets remain under pressure, this may continue.

A quick glance at the euro area’s “twin surplus” explains why the euro is benefiting in this environment.

The economic climate has not deteriorated to any degree like the financial climate has and if it remains resilient; the USD should recover in time."